"Dogecoin (DOGE) and Tether (USDT) are two different types of cryptocurrencies.
Dogecoin is a cryptocurrency based on Litecoin technology, founded in 2013 by a programmer, Billy Markus, and an IBM engineer, Jackson Palmer. Dogecoin takes its name from a dog terrier, and its iconic image is a Japanese dog, Shiba Inu. Dogecoin is characterized by community-based operations, strong social media marketing, and massive issuance. In recent years, due to the publicity and promotion of some celebrities and enterprises, the market value and popularity of Dogecoin have continued to increase, but its actual application scenarios are still limited.
Tether is a stable currency whose value is pegged to the U.S. dollar and is widely used in cryptocurrency transactions and payments. Tether, the issuing company of Tether, claims that each Tether has a corresponding U.S. dollar reserve to ensure its stability and credibility. Due to its stable value, Tether is often used as an intermediary currency in cryptocurrency transactions for converting between different cryptocurrencies.
There are also significant differences in the market performance and application fields of the two currencies. The market value of Dogecoin has risen sharply in May 2021, but due to its huge circulation and lack of practical application scenarios, its investment value is at greater risk. In contrast, Tether, as one of the representatives of stablecoins, has more reliable market performance and value stability, and is widely used in the field of cryptocurrency transactions and payments. Its market value has exceeded 50 billion U.S. dollars, ranking among the top in market value. One of three cryptocurrencies. "